Electrical scooter maker Niu Applied sciences (NASDAQ: NIU) on Monday mentioned its internet loss narrowed year-over-year within the first quarter of 2025, aided by a 35% progress in revenues.
- Revenues totaled RMB682.0 million (US$94 million) within the first three months of FY25, a rise of 35.1% yr over yr
- The highest-line progress was primarily pushed by a 57.4% enhance in gross sales quantity, partially offset by a 14.2% lower in revenues per e-scooter
- The corporate reported a internet lack of RMB38.8 million (US$5.35 million) for Q1, in comparison with a lack of RMB54.8 million a yr earlier
- Q1 loss narrowed to RMB0.49 per ADS (US$0.07 per ADS) from RMB0.69 per ADS within the year-ago quarter
- Adjusted internet loss was RMB 31.4 million, vs. a lack of RMB 48.5 million within the comparable interval of the earlier yr
- The corporate recorded a gross margin of 17.3% within the March quarter, in comparison with 18.9% within the first quarter of 2024
- Niu offered a complete of 203,313 e-scooters within the first quarter, up 57.4% yr over yr; gross sales in China surged 66.2% YoY
- The variety of e-scooters offered within the worldwide markets was 20,248, up 6.4% yr over yr
